Nigeria’s debt fast becoming unsustainable, may reach N34tn, LCCI warns Economic advisory council parades the best 11 economists – Presidency _____________________________________ The Nigerian Economic Society on...
The 36 Nigerian states and the Federal Capital Territory (FCT) suffered collective decline in their Internally Generated Revenue (IGR) in the first half of this year....
The National Bureau of Statistics has gathered in its COVID-19 Impact Monitoring that even after reactivation of the economy from restrictions and lockdowns caused by Coronavirus...
Amidst continued pressures on the external sector of the economy, the Central Bank of Nigeria (CBN) has projected a major fall in the country’s foreign reserves...
4.5m jobs at risk due to COVID-19, travel restrictions _____________________________________ The African economy is set to lose an estimated sum of $37 billion to dwindling traffic...
Fitch Ratings has revised the outlook on Nigeria’s long-term foreign-currency Issuer Default Rating to stable from negative and affirmed the IDR at ‘B’. The international rating...
The Federal Executive Council (FEC) chaired by President Muhammadu Buhari has approved N13.08 trillion as budget proposal for 2021. Zainab Ahmed, the minister of finance, budget,...
Assets and cash worth more than N700bn have been recovered through the whistleblower policy of the Federal Government, the Minister of Finance, Budget and National Planning,...
The foreign reserves of Nigeria received a boost of $200 million on Tuesday following a ruling in favour of the country by a Commercial Court in...
Fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public debt stock to N31.699tn in coming...
The power generation statistics for 2019 reflected that a total of 33,448,633 MWh of energy was generated by power stations, the National Bureau of Statistics (NBS)...
The Central Bank of Nigeria (CBN) has said it will pursue expansionist monetary policies to save the country from economic headwinds and combat recession. God Emefiele,...
Thirteen our of 36 Nigerian states are fiscally distressed as they lack the revenue capacity to fund their recurrent revenue in 2019, according to the 2020...
The African Development Bank (AfDB) today held a workshop to convey the continent’s immense investment and partnership opportunities to Asian business leaders, particularly as the continent...
The Manufacturing Purchasing Managers Index (PMI) in the month of September stood at 46.9 index points, indicating contraction in the manufacturing sector for the fifth time....
CENTRAL BANK OF NIGERIA COMMUNIQUÉ NO. 132 OF THE MONETARY POLICY COMMITTEE MEETING HELD ON 21st AND 22nd SEPTEMBER 2020 The Monetary Policy Committee (MPC) met...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has explained factors that led to 100 basis points reduction in lending rate and other decisions...
The Central Bank of Nigeria (CBN) has highlighted factors capable of tempering the expected impact of efforts put in place by the federal government to revive...
Following volatility in the country’s economy, the Manufacturers Association of Nigeria (MAN) has disclosed that inventory of unsold products has risen to an all-time high of...
The Federal Government of Nigeria has reassured that the deduction of the Budget Support facility to States would remain suspended until April, 2021. Recall that the...